Category: Russia-Ukraine War

Pepsico Ends Pepsi, 7UP Production in Russia Months After Promising Halt Over Ukraine

NEW YORK/MOSCOW—PepsiCo Inc. has stopped making Pepsi, 7UP and Mountain Dew in Russia nearly six months after the U.S. company said it would suspend sales and production after Moscow sent tens of thousands of troops into Ukraine. Pepsi’s announcement came after Reuters visited dozens of supermarkets, retailers, and gyms in Moscow and beyond and found…


Russian Separatists Release 10, Including 2 US Veterans

BIRMINGHAM, Ala.—Two U.S. military veterans who disappeared three months ago while fighting Russia with Ukrainian forces were among 10 prisoners, including five British nationals, released by Russian-backed separatists as part of a prisoner exchange mediated by Saudi Arabia, officials said Wednesday. Alex Drueke, 40, and Andy Huynh, 27, went missing in the Kharkiv region of…


2 Turkish Banks Suspend Russian Mir Payments After US Sanctions

ISTANBUL—Turkish lenders Isbank and Denizbank have suspended use of Russian payment system Mir, the banks said on Monday, following a U.S. crackdown on those accused of helping Moscow skirt sanctions over the war in Ukraine. The moves, announced separately, came after Washington expanded its sanctions last week to include the head of the entity running…


Biden Calls for More UN Support for Ukraine, Says US ‘Not Seeking a New Cold War’

President Joe Biden during Wednesday’s speech at the United Nations headquarters targeted Russia over its invasion of Ukraine as well as a recent Kremlin announcement to mobilize hundreds of thousands of more troops. “Ukraine has the same rights that belong to every sovereign nation. We will stand in solidarity with Ukraine. We will stand in…


Russia Calls Up Army as West Decries Annexation Plans

Russian President Vladimir Putin on Sept. 21 ordered the partial mobilization of the Russian army, the first military call-up of its kind since the Second World War. The announcement came less than 24 hours after pro-Russian leaders in four Ukrainian provinces announced plans to hold referendums on leaving Ukraine and joining the Russian Federation. The…


European Gas Prices Jump as Putin Vows Use of ‘All Available Means’ in Fight Over Ukraine

European natural gas prices spiked as Russia amped up its war rhetoric with President Vladimir Putin announcing a “partial mobilization” of the military beginning Wednesday amid accusations of Western “nuclear blackmail” and setbacks for Russian forces in northeast Ukraine. Benchmark Dutch TTF gas futures are trading at €206.935, which have risen more than 6.5 percent…


Russia Calls Up 300,000 Reservists, Says 6,000 Soldiers Killed in Ukraine

LONDON—Russia will draft 300,000 reservists to support its military campaign in Ukraine, Defence Minister Sergei Shoigu said on Wednesday in televised remarks. In Moscow’s first update on casualty numbers in almost six months, Shoigu said 5,937 Russian soldiers had been killed since the start of the conflict. President Vladimir Putin had ordered Russia’s first mobilisation…


Putin Mobilizes More Troops, Hints at Nuclear Weapon Use in Conflict Over Ukraine

Russian President Vladimir Putin on Sept. 21 accused Western powers of engaging in nuclear blackmail and put his country onto an enhanced wartime footing, ordering a partial military mobilization and vowing to use “all means available” in the event of a threat against Russia and its people. Putin made the remarks in a televised address,…


Beijing Marks Its Territory: Xi Warns Against Meddling in Central Asia

Beijing is taking steps to solidify its sphere of influence, including from close ally Russia, with Chinese leader Xi Jinping delivering the strong message during an official visit to Kazakhstan. Xi told officials China was keen to nurture relations with Kazakhstan and opposed any interference in the Central Asian country. “No matter how the international…


US Refiners Eye Canadian Oil Once Strategic Reserve Turns Off Taps

NEW YORK—U.S. refiners are expected to buy more Canadian oil after the Biden administration ends releases from the Strategic Petroleum Reserve (SPR) this fall, traders said, adding this should boost the price of Canadian barrels at a time of tight global supply. The coming end of SPR releases could shift market dynamics again in a…